PDF Solutions’ (PDFS) “Buy” Rating Reaffirmed at DA Davidson

DA Davidson reaffirmed their buy rating on shares of PDF Solutions (NASDAQ:PDFS) in a report issued on Wednesday morning, Benzinga reports. DA Davidson currently has a $42.00 price objective on the technology company’s stock.

Separately, Rosenblatt Securities reissued a buy rating and set a $40.00 price target on shares of PDF Solutions in a research report on Friday, May 10th.

PDF Solutions Stock Down 1.5 %

PDFS stock opened at $30.89 on Wednesday. PDF Solutions has a twelve month low of $26.12 and a twelve month high of $39.70. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.19 billion, a P/E ratio of 617.80 and a beta of 1.52. The firm has a 50 day simple moving average of $34.15 and a 200-day simple moving average of $33.71.

Insider Buying and Selling

In related news, Director Shuo Zhang sold 5,500 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $34.66, for a total transaction of $190,630.00. Following the transaction, the director now directly owns 10,381 shares in the company, valued at $359,805.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 11.21% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PDF Solutions

A number of hedge funds have recently added to or reduced their stakes in PDFS. nVerses Capital LLC bought a new stake in PDF Solutions in the second quarter valued at $25,000. NBC Securities Inc. bought a new stake in PDF Solutions in the fourth quarter valued at $26,000. GAMMA Investing LLC lifted its stake in PDF Solutions by 98.0% in the second quarter. GAMMA Investing LLC now owns 968 shares of the technology company’s stock valued at $35,000 after buying an additional 479 shares during the last quarter. Quest Partners LLC bought a new stake in PDF Solutions in the fourth quarter valued at $72,000. Finally, ProShare Advisors LLC bought a new stake in PDF Solutions in the first quarter valued at $210,000. 79.51% of the stock is currently owned by institutional investors.

PDF Solutions Company Profile

PDF Solutions, Inc provides proprietary software and physical intellectual property products for integrated circuit designs, electrical measurement hardware tools, proven methodologies, and professional services in the United States, China, Japan, and internationally. The company offers Exensio software products, such as Manufacturing Analytics that store collected data in a common environment with a consistent view for enabling product engineers to identify and analyze production yield, performance, reliability, and other issues; Process Control that provides failure detection and classification capabilities for monitoring, alarming, and controlling manufacturing tool sets; Test Operations that offer data collection and analysis capabilities; and Assembly Operations that provide device manufacturers with the capability to link assembly and packaging data, including fabrication and characterization data over the product life cycle.